Stocks in play: Starcore International Mines Ltd.

Announces production results for the second 2023 fiscal quarter ended October 31, 2022, at its San Martin Mine in Queretaro, Mexico. The company experienced a decrease in production from the previous quarter (2023- Q1) due to a 40% decrease in silver grade, and a 14% decrease in the gold grade. The main issue in this was a delay in development towards areas of better grade that we previously identified as result of the exploration carried out this year. During the quarter, the company drilled an additional 3,547 meters (of DDH) with some very positive values of gold and silver. This exploration has focused on the extensions of the two main areas of San martin mine, which includes the San martin vein and the high-grade ore bodies, Cuerpo 28 to Cuerpo 33, where we have engaged a new drilling contractor beginning in September. Overall, we have drilled 52% more metres than in the previous quarter in San Martin. Starcore International Mines Ltd. shares T.SAM are trading unchanged at $0.16.

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